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OSINSKI v. YOWELL

Docket No. 64371.

135 Mich. App. 279 (1984)

354 N.W.2d 318

OSINSKI v. YOWELL

Michigan Court of Appeals.

Decided June 18, 1984.

Attorney(s) appearing for the Case

Duckwall, Nowak, Connolly & Poniatowski-Morgan (by Earl H. Morgan, Jr.), for plaintiffs.

Robert W. Thomas, for defendants.

Before: M.J. KELLY, P.J., and SHEPHERD and R.I. COOPER, JJ.

R.I. COOPER, J.

Defendants and plaintiffs entered into an agreement whereby the defendants purchased the plaintiffs' vending machine route. The defendants executed a promissory note and security agreement in favor of plaintiffs in the amount of $40,000, bearing interest at the rate of 8% per annum and payable at the rate of $500 per month. The negotiations commenced around Christmas of 1976 and continued through April...

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